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Condensed Consolidated Cash Flow Statements (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 03, 2022
Apr. 04, 2021
Cash flows from operating activities:    
Net income $ 35,844 $ 28,741
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 21,083 22,196
Loss on debt extinguishment 6,392 0
Share-based compensation 5,224 7,285
Asset impairments 0 6,995
Changes in operating assets and liabilities, net of the effects of currency exchange rate changes, acquired businesses and disposals:    
Receivables 37,617 (50,208)
Inventories (46,959) (19,313)
Accounts payable (21,373) 3,269
Accrued liabilities (83,527) (30,765)
Income taxes 2,209 1,416
Other assets (2,915) (4,226)
Other liabilities (11,550) (6,885)
Net cash used for operating activities (57,955) (41,495)
Cash flows from investing activities:    
Proceeds from disposal of businesses, net of cash sold 338,686 1,106
Proceeds from disposal of tangible assets 56 12
Capital expenditures (10,963) (11,223)
Cash used for business acquisitions, net of cash acquired (65,990) (72,232)
Net cash provided by (used for) investing activities 261,789 (82,337)
Cash flows from financing activities:    
Payments under borrowing arrangements (230,639) (1,841)
Payments under share repurchase program (50,000) 0
Withholding tax payments for share-based payment awards (3,700) (905)
Cash dividends paid (2,276) (2,246)
Payments under financing lease obligations (45) (43)
Net cash used for financing activities (286,660) (5,035)
Effect of foreign currency exchange rate changes on cash and cash equivalents (1,349) (2,277)
Decrease in cash and cash equivalents (84,175) (131,144)
Cash and cash equivalents, beginning of period 643,757 501,994
Cash and cash equivalents, end of period $ 559,582 $ 370,850